AMERIPRISE FINANCIAL INC
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
AMP$519.96+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Deferred Acquisition Costs and Deferred Sales Inducement Costs
- Deferred Acquisition Costs and Deferred Sales Inducement Costs
The following tables summarize the balances of and changes in DAC:
| Variable Annuities · Structured Variable Annuities · Fixed Annuities · Fixed Indexed Annuities · Universal Life Insurance · Variable Universal Life Insurance | ||||||||
|---|---|---|---|---|---|---|---|---|
| (in millions) | ||||||||
| Balance at January 1, 2024 | $1,496 | $208 | $35 | $5 | $110 | $534 | ||
| Capitalization of acquisition costs | 24 | 98 | — | — | — | 64 | ||
| Amortization | (118) | (30) | (7) | (1) | (7) | (45) | ||
| Balance at December 31, 2024 | $1,402 | $276 | $28 | $4 | $103 | $553 | ||
| Indexed Universal Life Insurance · Other Life Insurance · Life Contingent Payout Annuities · Term and Whole Life Insurance · Disability Income Insurance · Total,All Products | ||||||||
| (in millions) | ||||||||
| Balance at January 1, 2024 | $223 | $2 | $6 | $17 | $75 | $2,711 | ||
| Capitalization of acquisition costs | 3 | — | 5 | 2 | 3 | 199 | ||
| Amortization | (16) | — | (1) | (2) | (8) | (235) | ||
| Balance at December 31, 2024 | $210 | $2 | $10 | $17 | $70 | $2,675 | ||
| Other broker dealer acquisition costs | 2 | |||||||
| Balance at December 31, 2024 including broker dealer acquisition costs | $2,677 | |||||||
Index
| Variable Annuities · Structured Variable Annuities · Fixed Annuities · Fixed Indexed Annuities · Universal Life Insurance · Variable Universal Life Insurance | ||||||||
|---|---|---|---|---|---|---|---|---|
| (in millions) | ||||||||
| Balance at January 1, 2023 | $1,598 | $149 | $45 | $6 | $118 | $521 | ||
| Capitalization of acquisition costs | 23 | 83 | — | — | — | 57 | ||
| Amortization | (125) | (24) | (10) | (1) | (8) | (44) | ||
| Balance at December 31, 2023 | $1,496 | $208 | $35 | $5 | $110 | $534 | ||
| Indexed Universal Life Insurance · Other Life Insurance · Life Contingent Payout Annuities · Term and Whole Life Insurance · Disability Income Insurance · Total,All Products | ||||||||
| (in millions) | ||||||||
| Balance at January 1, 2023 | $236 | $3 | $2 | $18 | $79 | $2,775 | ||
| Capitalization of acquisition costs | 4 | — | 4 | 1 | 4 | 176 | ||
| Amortization | (17) | (1) | — | (2) | (8) | (240) | ||
| Balance at December 31, 2023 | $223 | $2 | $6 | $17 | $75 | $2,711 | ||
| Other broker dealer acquisition costs | 2 | |||||||
| Balance at December 31, 2023 including broker dealer acquisition costs | $2,713 | |||||||
The following tables summarize the balances of and changes in DSIC:
| Variable Annuities | Fixed Annuities | Total,All Products | |
|---|---|---|---|
| (in millions) | |||
| Balance at January 1, 2024 | $136 | $12 | $148 |
| Amortization | (14) | (2) | (16) |
| Balance at December 31, 2024 | $122 | $10 | $132 |
| Variable Annuities | Fixed Annuities | Total,All Products | |
|---|---|---|---|
| (in millions) | |||
| Balance at January 1, 2023 | $151 | $16 | $167 |
| Amortization | (15) | (4) | (19) |
| Balance at December 31, 2023 | $136 | $12 | $148 |
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